Is Pierce, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pierce is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Pierce has remained a Seller's Market.

Key Takeaway

Pierce is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pierce, CO

How much do homes in Pierce, CO cost?

Median Sold Price

$468,000

$263/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$8,000(+1.7%)

Key Takeaway

Homes in Pierce have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Pierce was $468,000 in February 2024, up 1.7% from last year, and the median price per square foot was $263.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$507.5K
N/A
2 $300K-
N/A
3 $460K$425K
-7.6%
4 $452K$483K
+6.9%
5+ $599K$850K
+41.9%

Summary: Pierce housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 7.6%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 41.9%.

Housing Supply in Pierce, CO

How many homes are available in Pierce, CO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
68+33.3%

Summary: The Pierce real estate market had 8 homes for sale in February 2024, a 33.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 34
+33.3%
4 33
0.0%
5+ 01
+100.0%

Summary: The Pierce housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
03+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pierce, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Pierce in February 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Pierce, CO

How long does it take to sell a home in Pierce, CO?

Average Sale Time

Feb 2023Feb 2024CHANGE
81 Days76 Days-6.1%

Summary: Homes in Pierce had an average of 76 days on market in Feb 2024, down by 6.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pierce are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 3 homes were sold in Pierce; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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